better than Cama which gives 10404 
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Today's Pivots
- Thread starter waggie945
- Start date
Quote from waggie945:
I use just a few daytrading technicals such as Fibs, my 3 main MA's, and the Support/Resistance numbers that are associated with the Daily Pivot.
I believe that using all 3 of these concepts together works very well together.
So, again, you see no price support at these levels at all?
Yes, I do.
As I mentioned at the beginning of this thread, today's S1 on the ES came in at 1120.00
I can also list some moving averages and their relationships to the ES, along with some fibonacci's, but I real don't wish to get into that, nor do I have the time. If you have a methodology that works for you, great. But I am not here to get into a "pissing-match" about how I come up with support and resistance.
Today's PIVOT marked resistance at 1134.00 which I think did a pretty darn good job of giving one a target to shoot for right after the opening ( as far as selling the opening pop and using that level as a stop ) and then it once again proved to be significant late in the day after the ES came within .75 cents of the S1 at 1120.00 and rallied back into the close, only to come within .50 cents of that very same number, again, before dropping about 4 handles into the close.
Also, take a look at the fibs on the SPX and how they correlate pretty well with significant chart points/lows, such as the 1105 area on Jan. 2nd, and the 1115 level on Jan. 13th.
Happy Trading!
As I mentioned at the beginning of this thread, today's S1 on the ES came in at 1120.00
I can also list some moving averages and their relationships to the ES, along with some fibonacci's, but I real don't wish to get into that, nor do I have the time. If you have a methodology that works for you, great. But I am not here to get into a "pissing-match" about how I come up with support and resistance.
Today's PIVOT marked resistance at 1134.00 which I think did a pretty darn good job of giving one a target to shoot for right after the opening ( as far as selling the opening pop and using that level as a stop ) and then it once again proved to be significant late in the day after the ES came within .75 cents of the S1 at 1120.00 and rallied back into the close, only to come within .50 cents of that very same number, again, before dropping about 4 handles into the close.
Also, take a look at the fibs on the SPX and how they correlate pretty well with significant chart points/lows, such as the 1105 area on Jan. 2nd, and the 1115 level on Jan. 13th.
Happy Trading!
You seem not to want to understand what I'm talking about. Either that, or you really don't understand what I'm talking about, which is odd.
I'm not talking aobut Fib or MAs or Pivots or any of a dozen other manipulations of price. I'm talking about price itself.
All of the indicators you mention can be useful if they correspond to price S/R. If they don't correspond to price S/R, any apparent S/R they provide is most likely an illusion. Since you can't find any price support at these levels, then I'm assuming that all of this is going right past you and won't bring it up again.
No "pissing" is intended; just trying to get an answer to the question.
I'm not talking aobut Fib or MAs or Pivots or any of a dozen other manipulations of price. I'm talking about price itself.
All of the indicators you mention can be useful if they correspond to price S/R. If they don't correspond to price S/R, any apparent S/R they provide is most likely an illusion. Since you can't find any price support at these levels, then I'm assuming that all of this is going right past you and won't bring it up again.
No "pissing" is intended; just trying to get an answer to the question.
First off, I do not consider fibs, pivots, or MA's for that matter manipulations of price, as you state. Please tell me how they are "manipulations"?
Secondly, you seem to be unaware that S1 is the first support level for today's ES, and was calculated using yesterday's data.
Please show me how today's S1 on the ES at 1120.00 has no relevance to today's actual low at 1120.75 . . . which would obviously imply actual support and not the "illusory" support that you have eluded to.
Secondly, you seem to be unaware that S1 is the first support level for today's ES, and was calculated using yesterday's data.
Please show me how today's S1 on the ES at 1120.00 has no relevance to today's actual low at 1120.75 . . . which would obviously imply actual support and not the "illusory" support that you have eluded to.
Pivot = (Yesterday's H+L+C) / 3
S1 = 2 x Pivot - Yesterday's High
Furthermore, today's S1 correlated very strongly with the daily lows of the SPX on Jan. 9th at 1120.90, Jan. 12th, at 1120.90, and Jan. 14th at 1121.22
Lows = Support.
It really doesn't get any easier to understand than that!
S1 = 2 x Pivot - Yesterday's High
Furthermore, today's S1 correlated very strongly with the daily lows of the SPX on Jan. 9th at 1120.90, Jan. 12th, at 1120.90, and Jan. 14th at 1121.22
Lows = Support.
It really doesn't get any easier to understand than that!
You seem to be trying to misunderstand me.
How are they manipulations? How did you arrive at them? Did you by any chance do any addtion, division, multiplication, averaging?
Yes, I'm very much aware of what the pivots are.
And I did not say that the pivot had no relevance to today's low. Obviously they were near each other. But pivots in and of themselves do not provide S/R, just as MAs, Fibs and so forth do not in and of themselves provide S/R. Except in unusual circumstances, they provide S/R only when they are coincident with previous price S/R. If you can't find that previous price S/R, then this will make no sense to you, and you won't know when to trade off these levels and when to stand aside. Unless, of course, you maintain that these levels always provide S/R, in which case, there's no point in continuing this exchange.